Ceteris paribus preferences, rational farming effects, and the extensionality principle
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DOI: 10.1017/s0140525x22001017
Abstract: Abstract Bermúdez argues for rational framing effects in the form of quasi-cyclical preferences. This is supposed to refute the extensionality principle in standard decision theory. In response, I argue that it is better to analyze… read more here.
Keywords: paribus preferences; preferences rational; ceteris paribus; extensionality ... See more keywords
Incomplete preferences and rational framing effects
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DOI: 10.1017/s0140525x2200111x
Abstract: Abstract The normative principle of description invariance presupposes that rational preferences must be complete. The completeness axiom is normatively dubious, however, and its rejection opens the door to rational framing effects. In this commentary, we… read more here.
Keywords: preferences rational; rational framing; framing effects; incomplete preferences ... See more keywords